GIH profits up by 28%
Kuwait: Monday, February 11 - 2008 at 10:20
Global Investment House (GIH) reported a 28 per cent increase in profit to 91.4m Kuwaiti dinars ($334.2m) for 2007 compared with 71.4m dinars in 2006. This translates to an earnings per share (EPS) of 109 fils for 2007, reported Gulf News. The company's board has recommended a cash dividend of 50 per cent and a stock dividend of 10 per cent to shareholders. The total cash dividend expected to be distributed is 43m dinars compared with 34.2m dinars in 2006, an increase of 25.7 per cent.
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Amena Bakr, Senior ReporterMonday, February 11 - 2008 at 10:20 UAE local time (GMT+4)
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